Skandinaviska Enskilda Banken AB publ Has $2.80 Million Stock Position in AECOM (NYSE:ACM)

Skandinaviska Enskilda Banken AB publ cut its holdings in AECOM (NYSE:ACM - Free Report) by 19.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,154 shares of the construction company's stock after selling 6,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in AECOM were worth $2,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AECOM by 17.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company's stock worth $205,429,000 after acquiring an additional 289,513 shares during the last quarter. National Bank of Canada FI raised its stake in shares of AECOM by 1,847.8% during the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company's stock worth $28,384,000 after purchasing an additional 260,746 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after purchasing an additional 220,035 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of AECOM by 293.7% during the 3rd quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company's stock worth $18,651,000 after purchasing an additional 134,730 shares in the last quarter. Finally, Flputnam Investment Management Co. raised its stake in shares of AECOM by 88.8% during the 4th quarter. Flputnam Investment Management Co. now owns 272,888 shares of the construction company's stock worth $29,150,000 after purchasing an additional 128,346 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on ACM. Robert W. Baird dropped their price objective on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Truist Financial increased their price target on AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. The Goldman Sachs Group assumed coverage on AECOM in a research note on Friday, November 22nd. They issued a "buy" rating and a $130.00 price target on the stock. KeyCorp dropped their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays increased their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $120.38.

AECOM Stock Performance

ACM stock traded down $1.16 during trading hours on Thursday, hitting $94.99. 678,208 shares of the stock were exchanged, compared to its average volume of 813,040. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $12.60 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.63 and a beta of 1.22. The company has a 50-day simple moving average of $102.26 and a two-hundred day simple moving average of $105.20. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is currently 29.55%.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.